You need money, time and legal advice for the setup.
I know some quite good sites that have no legal setup but actually are earning good bitcoins. So, while its good to get licensed and all but since the nature of BTC is anonymous hence easy to run it anonymously too. What all matters making a gambling site is how much time you have to devote and can you match the required knowledge needed ? Because you cannot depend on a outside coder completely to be honest. |
|
|
|
If you had set at the back of your mind that this activity I am venturing into loss is a sure thing and that winning might come then you wont be surprised and you will handle it well. No need of blaming the site, blaming your God, or blaming how unlucky you have become, just accept that this money I am wagering is going forever and thats prudence concept in accounting.
That is the moral of being human beings. We need to accept the consequences of what we are doing and we should not accuse others for our mistakes. Usually this type of mentality are coming only when we do not have mature enough thinking. We need to accept gambling losses as a part of life, then we can easily keep on moving to next stage. At one particular point, everyone will start gambling only for entertainment. |
|
|
|
I think, its difference between trading and gambling.
Yes, they both need some luck, but, in trading you need a strategy and analysis too, and able to make sure that the decision you took was correct, then you can get some profit.
In gambling, all you need is take the risk "consider its gone when you place it".
It is easier said than actually done because in trading that I have done here so far requires just luck and nothing else. In fact more than gambling we need luck in trading because in gambling we have to hope our team/player do well but with coin investing and trading we have to hope the coin goes up and the owners does not dump it totally at some point. |
|
|
|
sell them at local exchange is a good option. you can cash out btc to local fiat with low bank transfer
Yeah, I agree when you want to sell your bitcoin and exchange them to fiat the best option is to find a local who is willing to buy them, but also you can find someone who is willing to send you money via MoneyGram or western union which are ways of sending money all over the world. |
|
|
|
Looking at the current scenario paypal is better than bitcoin.
As all the firms which involve online trading / transaction have an option PayPal in them
But till not only starbucks and Steam have accepted bitcoin as a mean of payment.
But in the near future there is a possibility of bitcoin over coming PayPal.
But we can never predict.
Where are you from.? PayPal is not at all the preferred payment option in most of the countries. There are some countries who actually hate using PayPal for it's hefty fee structure. Whereas Bitcoin takes negligible fees, Yes, I do agree that Bitcoin is yet to be implemented in many stores across the world but still the priority of the people is shifting towards Bitcoin than PayPal. I don’t think so in fact the only people who does not use PayPal these days are the ones that don’t have access to it, in the big developed countries PayPal is the best option and they are using it in everything, it is true that the bitcoin is a good currency and does not take fees but it still has a long way to go before taking over the PayPal. |
|
|
|
For me you should just wait or hold on to those bitcoins as there would be a great chance that the prices will still go up even until $1,100 again. Just ride the waves of its growth right now and once there is a panic selling again sell before that happens then buy back at the bottom price.
Actually no matter how many times we say that but some people always are worried no matter what ! Like in my skype group there are some people who always get crying with a little downfall .. now I told them that DON'T sell them at 800$ and now they are crying .. since price is again over 900$ ! They think I am a predictor while its pretty obvious lol When it comes to some people selling and buying bitcoin is a rather a difficult thing, when it is in reality rather a simple thing, just sell when the price is high and buy when the price is low, you just have to be smart and have an objective like say for example I am going to sell when the price reaches 1000$ and that is it you sell when the price reaches 1000$ no more no less you don’t have to be greedy. |
|
|
|
holding BTC isn't the safest though. if you wanted to earn all the time, try ICN token because its the nearest thing that we call ROM. or why don't you jsut invest to a ROM itself of yobit. you can then cash out when you want.
Do you think that investment in ICO is a safe investment, I do not think so. I think every king of investment is risky, but we can minimize the risk if we have sound knowledge about ICO. I think investment in bitcoin is also the safest investment and the current time is the best time to invest. |
|
|
|
As of now I have 2 btc in my wallet which I have earned from trading and I am really looking forward for other ways to earn bitcoins but due to lack of time I am not able to concentrate on bitcoins but hopefully will make some good bitcoins in trading altcoins in near future as I think that is the best way to earn bitcoins.
I think have more that 1 bitcoins in my account, I most invest these account in altcoins but last few weeks I am holding it in bitcoin because it is expected that the price of bitcoin is going to increase. So, I am not going to invest my bitcoin any there, may be after next increase when the price of bitcoin will increase after that I will try to invest it in some good alt coin. |
|
|
|
Most people start to gamble with an idea of having fun and entertainment in the first place.
There are alot of other entertainment but people choose to gamble? if you wonder why then probably you could think of the reason already, it is for money. More people is actually gamble for money instead of just having fun or atleast doing both of them, people still think that it is nice to win even when they are just having fun Indeed because having fun along with the possibility of getting the money with interest is possible only with gambling. Watching a movie cannot give you pay back in any form rather its a simple cost of entertainment, but problem with gambling is that we just bet much more than we can afford and hence its such a big issue in the society now. Consider someone spending like 10-20 dollars a week on gambling then no issues cause they could easily have spent that much on other activities. |
|
|
|
If you dont like to suffer big problem then its better to stop and should not think on loaning money just to play gambling.
Yes, it must be a worst decision than playing with others committed money. Loan money usually give double tension, so I never tried to attepmt to play gambling with loan money. There must be no chances for any type of excuses for gambling. We must gamble with our own money else quitting gambling would be the right option. |
|
|
|
I also think that luck favors to the brave decisions, still see what happened to wonton at the end. If he would have hesitated or would have stopped at right time then I will agree with you completely. Yet, daring and stopping at right time are contradicting each other imho.
You can really never know when the right time to stop is as no one can predict the future. That is the fun part about gambling as you never know what will happen next. Yes, if it was possible then that wonton would have been richer by another 40 bitcoins. But if knowing the future is possible then there will be no fun in gambling. What we will be able to do is stopping at right time by being cautious. Anyway wonton loses, investors get those benefits. That's life, we need to move on. |
|
|
|
It might not be the future currency but it could be the ideal or role model for other coins because of its highly secure and transparent payment system and other futureproof features
It is a perfect model for the new generation money system... However it is very much different from our real money system... It's transparency is good, but I think it is not a good idea for those who has a lot of fund in their account like those people who do shady jobs to earn. It will expose a lot of this, maybe one of the thing that it will break is the bank secrecy law which looks good to some and not for some...  But anyone could easily overcome those problems of transparency by having more number of bitcoin addresses like splitting their balances across many bitcoin addresses. So basically bitcoin will support all the features what we are having from bank additionally lot of other benefits and freedom. Hence, bitcoin must be the future. |
|
|
|
When a company provides platform to freelance, they should take care of needs of people. Autocratic decisions are never good for site especially one like fiverr whose success totally depended upon members.
Well! It is never easy to adapt bitcoin in business because of its volatility!
Comparatively bitcoin is stable, it just showed some peak but not fallen beyond its previous progresses. I guess I do not find any big differences with fiverr's this sudden policy change as they were not paying me in bitcoins. Only business people was able to buy gigs through bitcoins, not members did get paid in bitcoins. |
|
|
|
Loss and win in trading ever i through when i trading bitcoin also alternative coin. I get a little profit with alternative coin around 0.001 btc because at the past i only put little amount of capital.
i also get a little profit from trade when i invest my balance in low amount in trade in the past and now i am expert in trading i earn profit in big amount because i invest my bitcoin in huge amount in alternative coin . If you are able to make big amount from altcoin trading then that would be really great as I am not good in selecting altcoins for trading, I tried many times but unfortunately I got busted in very quick time itself. For me, only bitcoin trading against fiat is working. I'm still learning for profit making with altcoin trading. |
|
|
|
what is more interesting is that some peoples are already talking about some integrations along with other projects that exist around which draws much attention for which price has remained at these high levels and if everything goes of the same way the price at least will be stable.
Stable prices are always an indications for another rally. Many business are starting adopting bitcoin payments similar to individuals. The new investors are more important and surprisingly that also keeps on happening to ensure the demand. I am not having any doubts that bitcoin prices are moving towards $1000 price levels. |
|
|
|
Losing is part of successfully trading. If you treat losing as part of trading then you are an experienced trader.
Once you engage or involve yourself in business industry whether it is advertising, micro finance, traditional, franchising, or online business we must put in our mind as a business minded person that losing money is not just a part of the business but a part of the body nature of our business. Meaning, any fears, and emotions has no longer space in the business. Managing things in business is not easy job you need to spend more time in order to make it successful, you need to sacrifice lot of things because if you set a goals in nay aspect you need to overcome those in order to make successful in your business. Business need experience and skills, talent to get all these things it will take some once you are familiar definitely there is no choice of loosing. The risk is always present but we need to take risk to do it, having your own business will make you matured in the business world. It will give you a good feeling that you will be able to manage your own business and whatever your decision or actions you are taking, you will have to consider careful analysis as you alone will get the outcome of it. You mean to say when I am having my own business then I will not get fear of losses ? I do not think so. Moreover, trading is very much similar to running a own business only. but in virtual world. Buying/selling and risks are same. But I agree when we get practice to same type of situations then we will get experience so that we can get rid of fear of losses easily. |
|
|
|
For me you should just wait or hold on to those bitcoins as there would be a great chance that the prices will still go up even until $1,100 again. Just ride the waves of its growth right now and once there is a panic selling again sell before that happens then buy back at the bottom price.
as most of the people are expecting that still there is a lot of potential in the price of bitcoin, and we can see that the price is trading a little low from its previous positing and is struck to that level for a long time, so its mean that people are not welling to sell their bitcoin and continue holding it. therefore my suggestion will also be to hold bitcoin and not to sell it right now. it is also expected that this time the price of bitcoin can cross is all time high level. Maybe it's not because they are holding and waiting to rise up, I see that the volume though has stabilized to. This means that the prices are also stabilizing at this prices as people would want to sell and others want to buy at these prices. Maybe we would need some more reasons for it to really jump off and the prices would sky rocket, lets see in the next few months. In next few weeks itself, I guess we are going to see a good rally toward $1200 and then $1500 levels. It is physiological expectation that bitcoin could easily reach $1150 levels again, so once it hit there it would be bumped more to trap those profit booking investors. I guess this type of rally may continue till $2000 levels too. So, waiting for good prices is the thing I am doing right now. Selling now may trap us to regret later. |
|
|
|
As you become more confident and prepared for both winning and losing streaks, you'll make less mistakes, profit more and lose less.
When we will be having maturity to have both winning and losses as same things then we will be able to manage our emotions effectively. When we start treating meaning and losses without getting any emotions out of them, we can follow our trading plan to make more profits. This maturity will be only possible after having more experience in trading. Before gaining experience also we will be able to manage other emotions peacefully only when we are having strong analysis and accurate predictions about market movements. Yes, when we are strong in technical analysis then there will be no need to bother about our emotions. I know, when we are able to make more profits with our strong analysis then we may get greedy to keep on trading but that also will be good as long as our analysis will be supporting it. |
|
|
|
Dollar is going down again..
How you will be sure about American dollars are going to down ? The new president will never let his own currency going down. Even there would be some strict formulation for better economy, but surely not long term basis. Dllars may get strong in long term. Is this positive for bitcoin price?
As per fundamental relationship : if dollars goes down, bitcoin will find its up surge. |
|
|
|
I can´t really see bitcoin breaking the $2000 barrier, not in the short term. First theres some things we have to solve, like the blocks sizes and time per block.
We're struggling with trying to break the $1000 barrier, let alone trying to get above $900. I think we saw a rise to $940 a couple days ago but promptly went back to $900. Especially with the PBOC now cracking down on the Chinese exchanges, I think it'll take some serious news for the price to break barries now. I guess there would be no significant impacts from China as they got regulated heavily. Right now bitcoin is getting appreciations with its real potential because prices are seeming so stable and moving up the very slowly. The rising demand from all over the world and Trump's new policy of "power back to people" may bring bitcoin above $2000 levels also. |
|
|
|
|
Show Posts
